Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

Compare Brokers For TRON

For our trading trx comparison, we found 7 brokers that are suitable and accept traders from United States of America.

We found 7 broker accounts (out of 147) that are suitable for Trading TRX.

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ThinkMarkets

Spreads From

Bitcoin N/A points See all spreads

What can you trade?

  • Forex
  • Cryptocurrencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About ThinkMarkets

  • Regulated by: Financial Conduct Authority and ASIC.
  • Established in 2010 HQ in Australia.

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

Open a demo account

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Losses can exceed deposits

Read our in-depth ThinkMarkets review

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The Ultimate Guide to

Trading TRON (TRX)

TRON is an operating system constructed on blockchain technology that uses a blockchain based platform called Odyssey. It is known for providing a high-throughput, scalable and reliable network structure.

TRON uses the TRONIX digital token (TRX) that is issued by the TRON Foundation, established by its current CEO, Justin Sun. TRX serves as the basic accounting unit for the TRON blockchain. TRX was originally based on the Ethereum network, but it was later fully transitioned onto its own independent TRON protocol.

TRX acts as a natural medium currency for all other tokens in the TRON network. This includes the USDT stablecoin issued by Tether (that is pegged to the U.S. dollar) through the TRON network. As a blockchain project, TRON has positioned itself as a decentralized platform to be used by the online entertainment industry to facilitate payments. 

How to not get scammed when trading TRON (TRX)

Making trades or transactions in TRX will generally be more secure when done through a regulated online broker. Additionally, it also useful to be mindful of fraudulent activities online and the various scams to look out for.

As a starting point, be cautious of firms that charge a start-up fee for instant TRX exchanges for fiat currency. Other dubious behaviours to avoid are altcoin investment schemes that promise to double the value of invested assets overnight, as such ambitious returns rarely feasible in practice.

Also beware of fake cryptocurrency exchanges and cloud mining scams.  Additionally, phishing is another scam technique common in emails and social media. This involves someone impersonating a business brand to obtain personal information or currency wallet access. While this might seem quite obvious, it is generally best to avoid making financial arrangements using direct messages.

Exchange hacks are another significant risk with trading altcoins. A classic example was the huge theft from major Tokyo-based bitcoin exchange Mt. Gox that involved a loss of 850,000 bitcoins in 2014 and forced the exchange into bankruptcy. 

To be safe, always trade your cryptocurrencies through a regulated broker. For example,  AvaTrade, a subsidiary of a firm with about $17 billion in market capitalisation is based in Dublin, Ireland and subject to EU regulations. Another regulated broker is eToro that allows clients to engage in social trading. Both of these brokers are registered in Europe, so they must operate under the EU’s strict Markets and Financial Instruments Directive (MiFID) and its revision the MiFIR.

Trading cryptocurrencies like TRX through one of the many online regulated brokers tends to give traders peace of mind compared to the risks of using exchanges or private transactions.  Fortunately, trading TRX via one of these financial companies is relatively easy to do.

Trading TRON (TRX) through AvaTrade

Among the various regulated online brokers, AvaTrade gives traders access to cryptocurrency trading through a very easy to use interface known as MetaTrader 4 (MT4). This popular platform would suit traders of any experience level and can be used on desktops, tablets, smartphones or web browsers.

The MT4 platform also provides users with advanced charting functions and technical indicators that allow traders to perform detailed technical analysis of their investments. They can even trade right off the charts or automate their trading activities. The platform’s colours and styles can also be adjusted to taste.

Signing up for a trading account at AvaTrade is simple and also provides access to trading thousands of other instruments. That being said, as like any currency trade cryptocurrencies do involve risk, particularly as prices can move up or down as key influential factors change. 

Key Influences on TRON (TRX)

The values of dynamic cryptocurrencies, like TRX, are influenced by several key factors. As like all currencies, underlying most price changes are shifts in supply and demand for the digital token. For example, if a large seller comes into the market, the available supply will increase, and the equilibrium market price will generally fall.

Likewise, when governments try to regulate digital currencies, their values can potentially be negatively impacted, especially if bans on usage and ownership are involved. Moreover, events like the Cyprus banking crisis in 2013 can also affect digital coin prices. In this case, the crisis is viewed to have promoted a spike in the value of bitcoin as people tried to store wealth outside the jurisdiction of their government.

Furthermore, actions from larger companies such starting to use the TRON network and/or allowing payments to be made in TRX can impact and most likely increase the value of the digital token. On the other hand, exchange hacks like the Mt. Gox could reduce the coin’s price.

Changes to the size of TRON’s user base can also impact TRX’s value, as can changes to TRON’s underlying technology, depending on how they are received by the user community. An upgrade to TRON’s Odyssey platform to version 3.6 was announced in June 2019 that offered various new features and promoted a responsive rise in the U.S. dollar price of TRX. 

Chart of TRON (TRX) from its ICO to 30th July 2019. Source: CoinMarketCap.

TRON (TRX) Quick facts:

Source: CoinMarketCap.

  • When TRX started trading: September 2017
  • Highest price to date: $0.300363 on 5th January 2018
  • Market capitalisation (30th July 2019): $1,487,320,484
  • Volume of TRX exchanged (daily): $423,856,336
  • Maximum Supply: 99,281,283,754 TRX
  • Circulating Supply: 66,682,072,191 TRX

Want to trade other cryptocurrencies? 

Those looking to trade other digital currencies can read more cryptocurrency broker comparisons at the links below:

Why Choose ThinkMarkets
For Trading TRX?

ThinkMarkets scored best in our review of the top brokers for trading trx, which takes into account 120+ factors across eight categories. Here are some areas where ThinkMarkets scored highly in:

  • 8+ years in business
  • Offers 50+ instruments
  • A range of platform inc. MT4, Mac, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.10pips
  • Used by 0+ traders.
  • Offers demo account
  • 2 languages

ThinkMarkets offers two ways to tradeForex, CFDs. If you wanted to trade BITCOIN

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

ThinkMarkets have a B trust score. This is largely down to them being regulated by Financial Conduct Authority and ASIC, segregating client funds, being segregating client funds, being established for over 8

Trust Score comparison

ThinkMarkets
Trust Score B
Established in 2010
Regulated by Financial Conduct Authority and ASIC
Uses tier 1 banks
Company Type Private
Segregates client funds

A Comparison of ThinkMarkets


Want to see how ThinkMarkets? We’ve compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
ThinkMarkets
Fixed Spreads
Variable Spreads
EUR/USD Spread 0.10
GBP/USD Spread 1.2
DAX Spread
FTSE 100 Spread N/A
S&P500 Spread
Ripple spreads from N/A
Dash spreads from N/A
Litecoin spreads from N/A
Bitcoin spreads from N/A
Ethereum spreads from N/A

Comparison of account & trading features

ThinkMarkets
Platform MT4, Mac, Web Trader, Tablet & Mobile apps
Services Forex, CFDs
Base currency options USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, NZD, CNH
Funding options Payoneer, Credit cards, Bank transfer, Neteller, BPAY, UnionPay, FasaPay, DebitCard,
Micro account
ECN account